US History Unit 2 Test Review 1

Front

The Bessemer process and the open hearth process are methods of producing what good?

Back

Steel

Front

What era lasted from 1870-1900 and led to innovations in the oil, steel, and railroad industries?

Back

New Industrial Age

Front

Which choice best describes the impact of the assembly line?

Back

It led to more items being produced at one time, but the price of items went down.

Front

What method of business did companies like John D. Rockefeller's Standard Oil use to eliminate competition by consolidating firms in the same business?

Back

Horizontal Integration

Front

Companies like the Carnegie Steel Company sought to reduce cost by controlling all aspects of the supply chain associated with their business and reducing third-party vendor dependencies. This business practice is known as what?

Back

Vertical Integration

Front

This type of government economic policy involves limited regulations from the government on business and embracing the idea of free enterprise.

Back

Laissez-Faire Economics

Front

Which of the following was the first government act to try and limit big business and stop trust from forming? Trustbuster act of 1887, Trustfund Act of 1900, Municipal Trust Act of 1910

Back

Sherman Antitrust Act of 1890

Front

Which labor union fought against capitalism and tried to form cooperatives?

Back

Knights of Labor

Front

What was one negative associated with strikes that were sometimes beneficial in helping workers get improved working conditions?

Back

Strikes became violent and led to injuries which turned the public against the cause of labor unions.